| Yes and, for different reasons: > ...as opposed to the bean-counters Intel whining about the CHIPS Act, while doing huge layoffs, while continuing massive stock buybacks, while continuing to pay dividends... I'm not impressed. I'd expect a corporation facing an existential crisis would make some tough decisions and accept the consequences. I know that Wall St (investors) is the tail wagging the dog. But I expect a leader to hold off the vultures (ghouls) long enough to do the necessary pivots. At least Intel's doom spiral isn't as grimm as the condundrum facing the automobile manufacturers. They need to prop up their declining business units, pay off their loan sharks (investors), somehow resolve their death embrace with the unions, transform culture (bust up their organizational siloes), transform relationships with their suppliers, AND somehow get capital (cheap enough) to fund their pivots. I'm sure Intel has the technical chops to do great things. But financially their half-measures strategy doesn't instill confidence. Source: Just a noob reading the headlines. Am probably totally off base. |